Hispania Resources: Transfer of Permits de Investigation Lumbrales

May 09, 2023 9:14 AM EDT | Source: Hispania Resources Inc.

Toronto, Ontario--(Newsfile Corp. - May 9, 2023) - Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the Company") -- is pleased to announce that it has received a resolution from the Junta de Castille Y Lyon, Direccion General De Energia Minas the administration of Castille-Leon transferring title of the Lumbrales Permit (the "Lumbrales Permit" no. 6.668) to La Joya Mineral S.L.U. (the Company's wholly owned Spanish subsidiary). At the same time the Lumbrales Permit has been renewed for a three year period beginning April 28, 2023. The Lumbrales Permit contains the former producing Maria Tere mine.

Management of the Company will be in Spain the week of May 7th, 2023 and will visit the Lumbrales site. The purpose of the visit will be to inspect the property and liaise with local authorities. While in Castille Y Leon the Company representatives will visit Salamanca, Siemcalsa (the former owner of the Permit), maintained a warehouse wherein they kept all data and information relating to the Lumbrales Permit. The Company intends to retrieve these items for the purposes of planning work programs with local geological personnel who will be accompanying management representatives.

About Hispania Resources Inc.

Hispania Resources Inc. is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing the long-term mining potential of its core asset, the Zinc, Copper, Lead enriched Puebla de la Reina ("PBR") property in the low-risk and historic mining district of Extremadura in Southwest Spain. The PBR property covers an area of 90 km2. Hispania, through its subsidiary, La Joya, has entered into a purchase agreement with Auplata S.A. to acquire a 100% interest in the PBR property. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Resources, with the continued support of the local and regional governments, including the well-developed and sophisticated transportation and mining infrastructure.

For more information on Hispania Resources Inc., visit: http://HispaniaResources.com/.

Contact Information

For more information or interview requests, please contact:

Norman Brewster - Chief Executive Officer
(416) 970-3223

Rahim Allani - Director
(416) 457-0549

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: "intend", "believe", "estimate", "expect", "may", "will" and similar references to future periods. Examples of forward-looking information include, among others, the expected completion of the acquisition of the Lumbrales property, the expected anticipated activity at the Lumbrales property, as well as information relating to Hispania. Although Hispania believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Hispania can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the future plans of Hispania may differ from those that currently are contemplated Additional risks include those disclosed in the Filing Statement, which are incorporate herein by reference and are available through SEDAR at www.sedar.com. The forward- looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

This news release is not an offer of the securities for sale in the United States. The securities described in this news release have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) absent registration or an exemption from registration. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state in which where such offer, solicitation or sale would be unlawful.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


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